No and you need to put this on hold and research the condo nuke that's about to hit Florida in the form of new legislation that no longer allows condo boards to defer necessary repairs. 

The hold time is 1-4 years but expected to be done in 3 yrs.

Will the city and insurance company hold me accountable and give me penalties even if it's living in the basement myself? 

Investment Info:Single-family residence buy & hold investment in Jackson.

Now, I'm looking to dive a little bit more into the buy-and-hold strategy.Could you expound more on what you mean by not having much competition on 4 - 8 units? 

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

I know this is a great deal is why I am wondering why there is a hold up.

I intend to hold the property for a while.

That is the first time I have heard that for a couple of years so hopefully things are turning (I wouldn't hold my breath though)

They'll also change they rules because they don't want to mess with, count, hold on to, $1,000,000 in cash, so they'll switch it to cashiers checks.